Zapata back in Net game

Published on December 30, 1998.

Zapata Corp., the fish oil company cum Internet investor, is relaunching its effort to create a Web portal. Zapata backed out of deals to buy or invest in more than two dozen Web properties in October, citing a downturn in the stock market. But now the company says it's going ahead with its original plan to launch a network of sites. Zapata earlier agreed to acquire or invest in companies including Attitude Network, BiancaTroll Productions and Chat Planet.